Starbucks raises full-year outlook after earnings, revenue top estimates
The coffee chain said improved traffic and service helped lift revenue 9% and profit 33%, while international comparable sales turned positive.
- On Tuesday, Starbucks raised its full-year outlook after reporting fiscal second-quarter revenue of $9.53 billion and adjusted EPS of 50 cents, both exceeding Wall Street expectations.
- CEO Brian Niccol stated, "This quarter marked a milestone for Starbucks and the turn in our turnaround," citing a second straight quarter of traffic growth.
- North America drove results with 7.1% same-store sales growth and a 4.3% traffic jump, while China, the company's second-largest market, saw just 0.5% growth.
- Shares of Starbucks rose about 6% in extended trading as the company lifted its full-year adjusted EPS forecast to $2.25–$2.45 per share.
- Global and U.S. same-store sales projections increased to at least 5% for fiscal 2026, up from the prior 3% guidance, signaling strengthened confidence in the turnaround.
43 Articles
43 Articles
Wall Street Lifts Starbucks Price Targets as Comps Surge: Is the Turnaround Finally Real?
The post Wall Street Lifts Starbucks Price Targets as Comps Surge: Is the Turnaround Finally Real? appeared first on 24/7 Wall St.. Quick Read Starbucks (SBUX) reported Q2 FY2026 revenue of $9.53B, up 9% YoY, with global comparable store sales rising 6% and North America comps climbing 7%, prompting four major firms to raise price targets between $105 and $115. CEO Brian Niccol’s Back to Starbucks turnaround plan is driving top and bottom-lin…
The president-director, Brian Niccol, led a change by focusing on simplified menus, shorter waiting time and increased staff, seeking to raise customer satisfaction
Starbucks’ quarterly profits surge, marking milestone in revival plan
A year and a half into a promised turnaround, Starbucks CEO Brian Niccol had some good news for investors on Tuesday. The Seattle-based coffee giant’s quarterly results beat estimates for profits and revenues. In its second quarter, Starbucks posted sales…
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